MCD dark cloudsDark Clouds formed over MCD. Wait for the end of consolidation; however if you must buy now keep a tight stop. And target sudden breakouts as high as 220
E: 208 +/-1 (upon trend reversal above 207.94)
T: 220
S: tight trailing
Darkcloud
Oil ForecastD1 - Dark cloud candle pattern, bearish divergence.
H4 - Price has broken below the big and small uptrend line, bearish divergence.
H1 - Bearish trend pattern, expecting further continuation lower after retraces.
Invalidation - This bearish view is valid until the price holds below the 61.8% (39.17) fibonacci retracement zone. If the price moves higher, breaks and holds above this level in one straight leg then this bearish view will be invalidated.
DIS Compression PatternDIS has a classic compression pattern as it works to overcome the extreme high, after a High Frequency Trader huge gap up. It was followed by Smaller Funds’ Volume Weighted Average Price automated orders, and ran up to an Exhaustion Dark Cloud Candlestick Pattern.
